Mirae Asset Global Investments announced on June 29 that it would list "TIGER KOSDAQ Global ETF (461580)" on the Korea Exchange.
This ETF focuses on investing in blue-chip companies within the KOSDAQ market, which showcase Korea's technological capabilities. The underlying index of the ETF is the KOSDAQ global index, consisting of companies from the KOSDAQ global segment.
The ETF comprises 50 blue-chip companies selected by the Korea Exchange in November 2022, with a combined market capitalization of approximately 100 trillion won. These companies represent about 23% of the total KOSDAQ market, which amounts to 427 trillion won.
The TIGER KOSDAQ Global ETF ensures balanced investments across key growth industries prevalent in the KOSDAQ market, including semiconductors (IT), secondary batteries (manufacturing), services/contents, and pharmaceuticals/bio.
For instance, within the semiconductor (IT) sector, the fund focuses on domestic semiconductor equipment companies that supply core technologies in the production process. Given the recent growth in the artificial intelligence industry, particularly exemplified by ChatGPT, investments in domestic semiconductor management companies have expanded significantly.
Moreover, the ETF targets domestic secondary battery material companies, which play a vital role in the electric vehicle value chain. These companies have experienced rapid growth, leading the domestic stock market. Notably, EcoPro BM, the industry leader, witnessed a substantial increase in annual sales from 100 billion won in 2016 to 5 trillion won in 2022, with expectations of reaching 9 trillion won this year.
Additionally, the ETF invests in pharmaceutical and bio companies with strong research performance and stable financial structures. Eligible investment candidates within the bio sector include blue-chip companies like Celltrion Healthcare and L&F, which possess relatively large market caps and equity capital above a certain threshold.
